Canopy Growth CEO: Here's What the Future of Cannabis Looks Like for Investors

Prohibition official ends in Canada on Oct. 17, 2018. That's when Canada becomes the second country to legalize recreational marijuana.

What does that mean for cannabis stocks? Well, it's already been a wild ride. Tilray (TLRY) has been on a rollercoaster ride since Sept.

Meantime, top executives at hot cannabis company Canopy Growth Corp. (CGC) and its blue-chip partner Constellation Brands (STZ) say legal-weed products will eventually be at least a $200 billion segment -- and could even disrupt $500 billion of businesses across multiple sectors.

Constellation, which owns alcoholic-drink brands like Corona beer and Robert Mondavi wines, recently paid $4 billion to boost its stake in Canopy Growth to 38%. The company also purchased warrants giving it the option to increase that to a majority stake in the future.

Looking to the Future. Constellation Brands COO says the company realized that cannabis was going to be a potential player in that whole space. They looked carefully at all the players and decided that if they were going to play, They should be playing with the best.